Why buy the DVD? I can give you the Browns history right here.
1) Perrenial losing team moves to Baltimore
2) New Browns franchise continues losing ways
3) "Old" Browns team now in Baltimore wins Super Bowl
4) New Browns team shits the bed year after year despite having dozens of...
Berlusconi (spelling?) already came out and corrected that headline. He said there were no plans to close the markets.
White House has already stated that markets will remain open.
Nothing beats experience.
Art's seen it all before.
Even if the world was ending next month, the market would still find a way to rally and squeeze the shorts one last time.
Got a phone call from my friend today. He said "My daughter's college fund is down over $4000 in the last week. I'm thinking about DUMPING EVERYTHING before it loses any more."
His daughter is only 3 years old.
Capitulation is very close.
2000-2002 had some of the most violent short term rallies imaginable.
I could care less if we're close to THE bottom, but I really do think we're very near a tremendous oversold bounce.
The fact that 90% of ET thinks we're going straight to DOW 8000 makes me even more convinced it won't...
TNH was below $5 dollars five years ago. It went all the way to $171 this year.
It could lose another 50% and still be overpriced (and there's no shot that 16% dividend yield is going to stay).
From 1:32 to 1:45 today, I bought EEM, RSX, EWZ, EWA, EWC, EWS, EWH, EWJ, FXI.
Looking for a massive oversold rally over the next two weeks (mostly aided by worldwide coordinated Central Bank action).